Glassnode: Bitcoin Holds ETF Cost Basis at $81.5k

Glassnode states bitcoin has bounced off the ETF cost basis after spending most of the year beneath it, with the May rally stalling just under the level and now holding twice as support around $81.5k.

Price sits at $83319.93 inside the Bollinger Bands with upper resistance at $84238.86 and lower support at $82234.07; the EMA50 at $83467.15 acts as immediate overhead resistance while the EMA200 at $82317.82 provides deeper structural support, and the neutral RSI at 50.51 paired with the MACD golden cross at -17.74 suggests any push into the upper band will likely meet a retracement toward the 50-EMA before continuation.